Stock Market Collapse - Lost $35K in one month in Canadian Chat

Stock Market Collapse - Lost $35K in one month in Canadian Chat http://www.dslreports.com/forum/r21102845 en Wed, 11 Nov 2009 09:18:59 EDT Wed, 11 Nov 2009 09:18:59 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108891 Devanchya : It's a great weekend to be reliant on Wall Street :(]]> http://www.dslreports.com/forum/remark,21108891 Sun, 14 Sep 2008 15:41:10 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108852 GOLFnSUN :

said by Devanchya

:

As I think about the truth will be told on what happens to LEH. It's 4 hours before Asian markets open. LEH still isn't sold...

And the prime candidate to buy them just backed out:
»www.bloomberg.com/apps/news?pid=···fer=home
--
My BLOG .. .. Internet News .. .. My Web Page
Ask yourself one question: 'Do I feel lucky?' Well, do ya punk?]]> http://www.dslreports.com/forum/remark,21108852 Sun, 14 Sep 2008 15:29:23 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108843 Devanchya : As I think about the truth will be told on what happens to LEH. It's 4 hours before Asian markets open. LEH still isn't sold...

Bloodbath.

All I can say is I hope GS, MS, and ML all have good 3rd quarter reports this coming week.
--
»www.codecipher.com - Marking the way to tomorrow's solutions]]> http://www.dslreports.com/forum/remark,21108843 Sun, 14 Sep 2008 15:27:45 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108395 CigaR :

said by macedon

:

are you kidding me ...Brazil is done gdp slowed down...not more upside there (at least for the next 2-3yrs)

Not so.

Brazil Economy Expanded 5.8% in 1Q

Not to mention massive off-shore oil investments. Brazil even declined OPEC's invitation to join their cartel.]]> http://www.dslreports.com/forum/remark,21108395 Sun, 14 Sep 2008 13:38:54 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108360 macedon : we agree to disagree lol
if we all know where the best thing was/is we`ll be all hedge fund managers :D]]> http://www.dslreports.com/forum/remark,21108360 Sun, 14 Sep 2008 13:30:28 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108265 anon : It isn't rocket science i made a lot of money the past 3 years when i was long the Australian dollar. I saw the boom in commodities long before there was one but knowing Australia is a far more productive country than Canada and their interest rate were rising made it next to a sure thing. There's easy money in the gold/silver spread. It just doesn't move from 50 to 70 overnight but that's what literally happened in the past month. Just play the spread back to the 50 to 55 range.]]> http://www.dslreports.com/forum/remark,21108265 Sun, 14 Sep 2008 13:12:10 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108146 Wolfie00 :

said by Manatrite

:

Investing isn't as easy anymore. First we have credit destruction going on thanks to the housing crisis and the US banks are losing billions, heck, even trillions in the long run. This will trigger deflation so I urge investors NOT to invest and wait until the housing crisis has been abated. GIC'
s or high interesting savings accounts is your safest bet.

Aside from some of the predictions here which only time can prove to be true or false, it's true that some of the fundamentals look weak. But consider this -- and trust me, it's absolutely true: By the time the fundamentals look good and your friendly newspaper financial section is saying it's time to start investing, IT'S FAR TOO LATE! You've missed the boat -- big-time.

That doesn't mean now is necessarily the right time. It means ignore Internet advice and newspaper advice and remember that "free" advice is worth exactly what you paid for it. It is, however, a universal truth that media "experts" are extremely good at rationalizing why the market did whatever it did, but totally useless at predicting what it WILL do.

said by ZZZZZZZ

:

Should've bought some of Google's IPO,when it came out. :)

The Google IPO was only available to U.S. residents.
--
"Never attribute to malice that which is adequately explained by stupidity" -- a corollary of Murphy's Law
"A dog is like a child who never grows old ... always there to love and be loved" -- Aaron Katcher
]]> http://www.dslreports.com/forum/remark,21108146 Sun, 14 Sep 2008 12:42:20 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21108038 Manatrite : Investing isn't as easy anymore. First we have credit destruction going on thanks to the housing crisis and the US banks are losing billions, heck, even trillions in the long run. This will trigger deflation so I urge investors NOT to invest and wait until the housing crisis has been abated. GIC'
s or high interesting savings accounts is your safest bet.

Many people made easy money from 2001 to 2007. Anyone who paid attention to the markets should realize why at this point. I liquidated my funds in 2007 realizing how bad the housing crisis is and how banks are continuously bleeding and losing money.]]> http://www.dslreports.com/forum/remark,21108038 Sun, 14 Sep 2008 12:19:33 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21107875 pat_lc2000 : Turkey is also a vastly unstable nation whose military may coup it at any moment causing the start of it's EU membership (the reason it's doing to so well) to be stopped or even reversed...yep a great market to invest in.

While Brazil is about to get an invite to the G8 as rumors goes due to it's massive economic growth.

Investing is emerging markets is never about economics, but is also about it's Geo-political status.

In any case I"m going to round up some money to follow my bank investment plan, as I can only see upsides on it.]]> http://www.dslreports.com/forum/remark,21107875 Sun, 14 Sep 2008 11:38:41 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21107426 Devanchya : looking at your graphs, Turkey was the 'place to be' in 2003 before the first push.

Now Turkey is nearing the top of it's gains...]]> http://www.dslreports.com/forum/remark,21107426 Sun, 14 Sep 2008 09:44:44 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21106639 BigSensFan : For Mutual Funds one neat one is the IA Clarington Target Click fund.

For the Target Click 2025 you are guaranteed (currently) a sell value of $13.35 per unit (in 2025) even though right now you can buy a unit at $11.27.

The way it works is, it will take the highest historical close value and that is your guaranteed sell price. So if the fund has a close of $18.95 per unit on the close of the markets, that would be the guaranteed value per unit when you sell them in 2025.

It is a very safe fund.

There are also Target click 2010, 2015, 2020, 2025 and 2030 depending on how long you need it for.

Currently I have 50% of my RRSP in the 2025 fund and 50% of it in a higher risk fund.
--
"I am not an abnormal person living in a normal world, I am a normal person living in an abnormal world" Rod Parsley

Canadian Revival News]]> http://www.dslreports.com/forum/remark,21106639 Sun, 14 Sep 2008 00:08:11 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21106586 macedon :

said by pat_lc2000

:

Turkey and Hungary aren't good markets, maybe Brazil

are you kidding me ...Brazil is done gdp slowed down...not more upside there (at least for the next 2-3yrs)

turkey is the place to be ...you can just live from the private equity

hedge funds:
- Turkiye Garanti Bankasi AS,
- Is Investment
- Oyak Securities

turkey gdp
i`ll hit telecom sector 1st

]]> http://www.dslreports.com/forum/remark,21106586 Sat, 13 Sep 2008 23:45:40 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21106455 GOLFnSUN :

said by pat_lc2000

:

35K is a lot to get hit on.

That all depends on how much you have invested. If you have 2 million invested that is a drop in the bucket.

I have days where I go up or down $20,000 at a crack.

The question is what % are you down for the year - not how much money.
--
My BLOG .. .. Internet News .. .. My Web Page
Ask yourself one question: 'Do I feel lucky?' Well, do ya punk?]]> http://www.dslreports.com/forum/remark,21106455 Sat, 13 Sep 2008 23:05:47 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21105925 Devanchya : Lot of the big ones are in Brazil. China has potential but there's risk there. middle east country again potential with risk.

really it's the stock market. Risk means rewards, or certain death.]]> http://www.dslreports.com/forum/remark,21105925 Sat, 13 Sep 2008 20:45:49 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21105902 pat_lc2000 : Turkey and Hungary aren't good markets, maybe Brazil]]> http://www.dslreports.com/forum/remark,21105902 Sat, 13 Sep 2008 20:41:31 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21105502 Mashiki : That's not a market collapse, it's a short-term run. It will continue to be one for several years while the US mortgage market stabilizes and the Canadian one does as well along with global markets. Things are generally in bad shape due to a pile of factors, while it's not nearly as bad as it was coming out of the downturn in the late 70's early 80's, it's still poor. But anyway, this can happen anywhere. Parts of Europe have been having this for several years now, it just doesn't make the news over here.

Besides, the old saying is true. Taking advice on stocks and investments on the internet is a bad idea, mine included. :) ]]> http://www.dslreports.com/forum/remark,21105502 Sat, 13 Sep 2008 18:52:07 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21105483 Warez_Zealot : I just want the dollar to go down so I can pay off debt. :/]]> http://www.dslreports.com/forum/remark,21105483 Sat, 13 Sep 2008 18:46:53 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21105460 Manatrite : The trend is down. Recovery is unlikely but sell when it's high. That's how the game is played.]]> http://www.dslreports.com/forum/remark,21105460 Sat, 13 Sep 2008 18:40:44 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21105445 macedon : one answer: emerging markets, special attention on TURKEY & HUNGARY

i don't believe in diversification (BS), had my all portfolio in energy and gas (compounding return for the past 6 yrs 19.21%)

i love/loved--> oil/gas/molybdenum/uranium...

now i am shifting slowly to turkey & Hungary.

PE baby!

---
more clarity i guess]]> http://www.dslreports.com/forum/remark,21105445 Sat, 13 Sep 2008 18:38:10 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21105392 kim : Right now I'm putting money into the markets. Buy low sell high.. Canadians suck at investing. We like to wait till everything is high and buy into it. I'm not trying to belittle your loss, don't get me wrong.

It's only a loss if you have to sell right now isn't it? Similar to a house. As long as you sell when the market is high what happens in between is irrelevant.
--
In the end, it's not the times we get a good nights sleep that we remember...]]> http://www.dslreports.com/forum/remark,21105392 Sat, 13 Sep 2008 18:26:29 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21104911 Devanchya : If I had $10,000 right now, I'd put it into the market on Tuesday.

Since I don't I won't.]]> http://www.dslreports.com/forum/remark,21104911 Sat, 13 Sep 2008 16:19:28 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21104873 anon : The market is in a bear state but the difference this time is the US market indexes have been manipulated upward for more than a year now. This never took place before. The US market usually affects all the world markets except Japan and Hong Kong. There's a 33 percent difference on where the DJIA is and where it should be. The foreign markets are more than 50 percent overvalued. This manipulation may end after the US election in which case the bear should take out almost 50 percent off the market indexes in America from 14,000 down to around the 7,500 mark. It looks like they're going to drive oil down to the 75 dollar Canadian mark as the games with the US dollar will probably continue since the two banks have been successful so far shorting gold and silver to cover many of the banks losses in other things. This means the TSX will likely get murdered in the near future as some imbeciles have bought the index up here making it even more overvalued than it was about 3 or 4 days ago.]]> http://www.dslreports.com/forum/remark,21104873 Sat, 13 Sep 2008 16:11:26 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21104494 ZZZZZZZ : Anyone who is so panicky about losses should get out and stay out of the stock market.

The up and down trend is a reality and for those that have seen it numerous times,know that you have to ride it out.

I've had basically the same mining and oil stocks for years [10-15]and have made some good $$ with them,but they're all down now.

But I know they'll rebound ,besides the summer months are slow ,normally.

It doesn't sound like you did any homework when you invested or didn't know when to sell or buy.

Should've bought some of Google's IPO,when it came out. :)
--
~~Get our troops home...now!!~~]]> http://www.dslreports.com/forum/remark,21104494 Sat, 13 Sep 2008 14:41:52 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21104224 digitalfutur : Good points. Losses and gains are relative to the original investment.]]> http://www.dslreports.com/forum/remark,21104224 Sat, 13 Sep 2008 13:42:43 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103788 anon : Actually it's hard to make any kind of assessment given only the figure of $35K loss.

What was the actual percentage loss from your portfolio?

If you lost $35 K from $100 K then yes you endured a bloodbath. If you lost $35 K from a $500 K investment then that's a drop in the bucket and considered acceptable losses.

How much cash did you have invested in the volatile funds that actually incurred the loss?]]> http://www.dslreports.com/forum/remark,21103788 Sat, 13 Sep 2008 13:01:54 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103800 Wolfie00 : I can't see anyone selling in a market like this, except maybe for some overbought energy stocks. The smart money always starts getting back into the market at the point where the man in the street is all gloom & doom. It may still be too soon, but anyone already in it I think should stay in, and at most maybe adjust the portfolio a bit. "Long term" may sound like a broken record, but it's a broken record that speaks the truth. The opposite of "long term investing" is "speculation", and that's a mug's game. :)
--
"Never attribute to malice that which is adequately explained by stupidity" -- a corollary of Murphy's Law
"A dog is like a child who never grows old ... always there to love and be loved" -- Aaron Katcher
]]> http://www.dslreports.com/forum/remark,21103800 Sat, 13 Sep 2008 12:04:10 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103756 pat_lc2000 : I was wrong, if you want to take risks for a long term turn around dump a bunch of money in either RBC or Scotiabank and wait for Washington Mutual to finally fail in the US. Both of those banks are eying it for a takeover.]]> http://www.dslreports.com/forum/remark,21103756 Sat, 13 Sep 2008 11:56:09 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103673 Devanchya : October has a bad 'vibe' because it's the month two of the major crashes happened. A lot of people take money out of the stock market in Oct so they don't have to worry about it during the holiday's. Same in April/May.

Oct also the last month before End of Year for a lot of investment companies... ]]> http://www.dslreports.com/forum/remark,21103673 Sat, 13 Sep 2008 11:35:21 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103553 pat_lc2000 : 35K is a lot to get hit on. This is really a bond market to me given they are having a lot of fun at the moment playing on the commodities market (which you should never, ever, ever do unless you have time to watch it 24/7). I remember when I lost 10K after 9/11 which I never really minded...most of my investments have rebounded in the long term.]]> http://www.dslreports.com/forum/remark,21103553 Sat, 13 Sep 2008 11:07:23 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103533 Stewy :

said by Devanchya

:

If you know the exact date, let me know, my crystal ball keeps spouting NFL football predictions.

Oh well easy come easy go...

and to top it off isn't October known to be a bad month for investing.]]> http://www.dslreports.com/forum/remark,21103533 Sat, 13 Sep 2008 11:03:47 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103507 Devanchya : stewy.

Welcome to the Stock market. It's not always going up. This current "pre-bull" market is really going to hurt those near retirement... however you have to remember it does not always go up.

There's a reason as you get older, you should move your stocks into a more 'safe' setup. By time you hit 60 you should be almost all GIC and other garentee'd income.

I potentially could have lost huge... but I moved my money into some other plans. My RRSP's are all down 10%... I could have also made 55% return if I had gone into Com. and out before the dip.

The market is in a bull state. This is actually the same type of market we had in 2001-2003. Expect the bull to live for about 3-4 months and then a recovery.

It will go up again. If you know the exact date, let me know, my crystal ball keeps spouting NFL football predictions.]]> http://www.dslreports.com/forum/remark,21103507 Sat, 13 Sep 2008 10:58:14 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103494 Stewy :

said by Froggy :

If it was only one month you would've lost your money in oil/gas gold/silver.

I looked at it more closely and it's over the past 3 months.

I snapped these shots, these are the Canadian market returns for the last three months. It's a freaking bloodbath.

No wonder...
--
It's all... part of the plan.

]]> http://www.dslreports.com/forum/remark,21103494 Sat, 13 Sep 2008 10:55:44 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103412 Scoop : The market fluctuates, so what. Hold tight and you'll be fine.]]> http://www.dslreports.com/forum/remark,21103412 Sat, 13 Sep 2008 10:34:39 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103401 Styvas : There's a reason why stock brokers and mutual fund salespeople must be licensed by the Securities Commission. Because it's a complicated and risky environment in which experience and training is a requirement. So if the experts can't get it right, what possible hope do you bunch of armchair stock analysts have in offering even the slightest semblence of sound advice?

Stewy

, stick with the experts and ignore these bums, me, and anyone else who lucked out and picked a good stock, made some money, and now thinks they're the cat's meow at investing.

If anyone here is licensed, then let it be known and I'll back off. But as a previously licensed (I've left that field) mutual fund salesperson, my patience is pretty thin with folks who would pretend to know what they're talking about, regardless of how well they've done. Take your own risks, but don't drag others into them.
--
"Moving your Tylenol to the low shelf in your medicine cabinet is not the way to prevent children from falling off a stool when reaching for the top shelf." (said by Savant, May 2008)

Check out the »Primus TalkBroadband VoIP FAQ.]]> http://www.dslreports.com/forum/remark,21103401 Sat, 13 Sep 2008 10:32:41 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103353 anon : If it was only one month you would've lost your money in oil/gas gold/silver. They probably have you in RIM research in motion, Potash Corporation and Encana. The bottom fell out of these in the past month. You can thank those two banks J P Morgan and HSBC who back on August 3rd started aggressively shorting gold and silver.]]> http://www.dslreports.com/forum/remark,21103353 Sat, 13 Sep 2008 10:18:26 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103312 dirtyjeffer : you guys are scaring me...i have a fair amount of money invested too...sounds like mine could be down quite a bit as well. :(
--
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]]> http://www.dslreports.com/forum/remark,21103312 Sat, 13 Sep 2008 10:08:20 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103268 MacGyver : I am starting to think that it's better to pay off your mortgage and loans first instead of investing. If I invested all my "retirement savings" in my own mortgage, it would be paid off in half the time. That's a huge interest saving, plus suddenly not having to pay over $1000 a month in mortgage payments is wonderful. Just think that I could actually enjoy that $1000 a month with my future teenage kids instead of being house poor.

In my opinion, the money I'm sinking into the markets is being used by speculators to drive the price of commodities through the roof. It's akin to lending your baseball bat to someone and then have them beat you over the head with it.

The only thing keeping me going is the income tax deduction that I get for contributing to RRSP's, and the fact my employer matches my RRSP contributions.

My dad recently retired, the house and car are paid for, and now the income he gets from his union pension, CPP, and his RRSP's are far more than he really "needs". I don't know if that's what I want.]]> http://www.dslreports.com/forum/remark,21103268 Sat, 13 Sep 2008 09:56:17 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103237 anon : I know, i know hold stocks for the long run you can't lose. Just like you could never lose money owning real estate. The DJIA and the US indexes have been manipulated upward since the summer of 2007. Fair market value lies somewhere around 7,500. Only a complete and total fool would be long stocks right now. The DJIA should fall to the 7,500 area or lower after the US election. The foreign markets are 50 to 60 percent overvalued. On another note J P Morgan and HSBC are manipulating the US dollar and the gold and silver markets. Don't buy gold or silver they may look cheap but the banks will likely drive gold down to 500 and silver down to 7.50. Best bet would be to short the german stock market the DAX. Cover your position when the DAX falls to 2000.]]> http://www.dslreports.com/forum/remark,21103237 Sat, 13 Sep 2008 09:44:47 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21103204 anon : What the hell are you doing in mutual funds? Canada has the highest fees in the entire world. At least use exchange traded funds (ETFs) if you're going to play sectors long or short. Judging by worldwide share prices for bank stocks the Canadian banks are trading around double what they should be. The tsx and the DJIA are both around 33 percent overvalued. Stay in Canadian bonds they should do well in the near future as interest rates fall.]]> http://www.dslreports.com/forum/remark,21103204 Sat, 13 Sep 2008 09:34:27 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21102929 Fundy : You have been in for the losses, the worst thing to do now would be to sell everything low.

Individual stocks can be scarey and need a fair bit of knowledge and luck. Do lots of reading, see below.

Consider ETF's, but broad based index ones, not narrow focused ones that follow the flavour of the month.

»www.financialwebring.org/index.html general info
»www.financialwebring.org/forum/index.php the forumn

Or read up on the couch potato at »www.canadianbusiness.com/markets···p?ref=tn]]> http://www.dslreports.com/forum/remark,21102929 Sat, 13 Sep 2008 07:25:11 EDT Re: Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21102906 anon : If I were you I'd dump the mutual funds and start trying to pick individual stocks. To add insult to injury you pay between 3% and 5% "administration" fees to the c*cksucking fund managers who helped pick the dogs you lost your shirt on.

Actually if you look around right now, there's some pretty impressive bargains around in equities these days.

Banks like Royal and Scotiabank are trading around 12-13 times earnings and hitting lows that are pretty close to unheard of.

Energy stocks are trading at ridiculously low multiples like Petrocan trading at or below 5 times earnings.

If I were you I'd seriously consider dumping your broker's advice, learn more about the market and make a few aggressive investments to try and recoup your losses.]]> http://www.dslreports.com/forum/remark,21102906 Sat, 13 Sep 2008 07:15:16 EDT Stock Market Collapse - Lost $35K in one month http://www.dslreports.com/forum/remark,21102845 Stewy : So it's 5am and realize that I lost about $35,000 in investments. I have %50 bonds and GIC's and %50 mutual funds. All these funds are in 4/5 star blue chip equities like RBC Equity and BMO Equity, dividend funds ect... nothing even close in what you would call high risk funds.

Every investment specialist sounds like a broken record, long term, long term. In the .com bust I stuck through it, in the aftermath of 9/11 I stuck through it. But this is .com + 9/11 combined times 2

So basically I've lost 9 years of returns in one month, I'm no further ahead now than I was in 2000 and that's with %50 in bonds and Gic's.

I'm starting to think that the Stock market will never recover in these times. Someone please tell me otherwise.
--
It's all... part of the plan.]]> http://www.dslreports.com/forum/remark,21102845 Sat, 13 Sep 2008 05:36:39 EDT